Uganda Cranes coach Desabre resigns

Uganda Cranes head coach Sebastien Desabre has resigned after the team failed to progress to the later stages of the on-going 2019 Total Africa Cup of Nations (AFCON). An insider told URN that the coach made his position clear on Saturday. The Frenchman...

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BOU 90BN Saga: Charged Officials Out Of Office

The three Bank of Uganda employees charged in the Anti-Corruption court over a procurement scandal, have taken leave from office in line with the public service rules that require a public servant to step aside, in the face of an investigation.The three...

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Rwanda set to release RPF’s Revolutionary Movie #The600

A couple of decades ago, Rwanda was one of the East African countries that was bombarded with wars especially Genocide and other related wars. To make the World know their true flash back, they have decided to release the long waited movie called “The...

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Louis Kasekende Breaks Silence On BoU 90Bn Saga, Says ‘Mutebile Is Head Of Printing

Bank of Uganda Deputy Governor, Dr. Louis Kasekende has broken the silence about the reported extra Shs90bn currency printed by Central Bank officials for their own use. While in Masaka for BoU Town hall Meeting on Wednesday, many people asked Kasekende...

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Currency scam: Money printer offers BOU Shs 55m as compensation for extra pallets

Oberthur Fiduciare, the company contracted by Bank of Uganda to print Ugandan currency has reportedly offered to compensate the central bank for the extra pallets that were irregularly loaded onto the chartered currency plane. Bank of Uganda expressed...

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BoU 90 Billion Saga: Two officials charged, remanded

The Anti-Corruption Court has remanded two Bank of Uganda officials on charges of corruption and abuse of office. The two are Francis Kakeeto, the Assistant Director Mbale Currency Centre and Fred Wanyama Vito, the BoU verification officer. Prosecution...

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Bank of Baroda Director Fails to explain how he lent loan to dead man

The managing director of Bank of Baroda, Mr Ashwini Kumar, yesterday failed to explain how the bank gave a Shs15m loan to a dead man, who received the money or how much land the bank sold to recover their money. Ms Barbara Atukunda Sseruwu...

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Police recover evidence on BoU currency saga

Police have said they are investigating alleged printing of unauthorised extra currency by some Bank of Uganda (BoU) officials following recovery of crucial documents during a joint security search at the suspects’ homes. Police spokesperson Fred...

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CID boss Grace Akullo takes over BoU procurement investigation

The Police Criminal Investigations Director Grace Akullo has taken control of investigations on a procurement scandal involving top officials in the Central Bank. Police Spokesperson Fred Enanga said Akullo has been assigned to ensure that the investigation...

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Detailed account in the BOU currency saga

As Ugandans continue to digest what could have happened with the Bank of Uganda currency printing recently, a few details are trickling in. An official at the central bank says what alarmed the central bank is the extra cargo aboard the chartered plane...

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